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How to Start Your Own Business Online

Strategy Driven

Make use of technology and create a landing page and list down all important attributes of the product/service. Cross-marketing with established brands can help a great deal in navigating consumers towards your business and its offerings. Improve the credit score of the business.

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Common Financial Mistakes Small Businesses Make and How to Avoid Them

Strategy Driven

It can also be hampered by market conditions, pandemics, recessions or even natural calamities. These influences can have a solid impact on the working of your business as consumer spending habits change, and the cost of commodities increases or decreases depending on market conditions.

Finance 91
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How to Tell If You Should Trust Your Statistical Models

Harvard Business Review

For example, developing a credit scoring model using data of past defaults and then testing the model on that same data is an exercise in circularity: you’re predicting what you’ve explained already. Decision making Information & technology' So make sure that your analysts apply the model to fresh data in new contexts.

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How Banks Can Compete Against an Army of Fintech Startups

Harvard Business Review

The marketing, underwriting, and servicing of SME loans have largely taken a backseat. Recent analysis by Bain and SAP found that only 7% of bank credit products could be handled digitally from end to end. .” They estimate that online lenders will constitute nearly a fifth of the total SME lending market by then.

Banking 11
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Does Bigger Data Lead to Better Decisions?

Harvard Business Review

But marketers are only now connecting data from loyalty programs in physical stores with data not only about how the same customers behave on the company’s website, but also how the same or similar customers anywhere in the world behave on other websites – ranging from news sites to car sites to movies sites – all tracked using cookies.

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How B2B Software Vendors Can Help Their Customers Benchmark

Harvard Business Review

Those analyses rely on publicly available data sources, but software providers have accumulated growing amounts of private data on almost every aspect of their customers’ technology, operations, people, and strategies. It is even possible to hold up the data mirror to individual technology users.